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Financial Conference for the Results of Fiscal 2006
Summary of the Consolidated Business Results
for the Year Ended March 31, 2007
Business Environment
Demand remained strong overall
- Demand related to capital expenditures continued to increase in Japan.
- Automotive related production increased 5.2% YOY, although
production by some automotive manufacturers declined.
- Economies in non-Japan (Americas, Europe and Asia) remained robust.
Especially, in Asia, China exhibited strong economic expansion.
Summary of Business Results
- Posted record sales and profits for three consecutive years.
- Sales and profits increased YOY in each business segment.
| *Industrial machinery bearings |
Profitability improved to 13.7% |
| *Automotive products |
Profitability improved steadily. |
| *Precision machinery & parts |
Profitability improved dramatically.
Ordinary income doubled YOY. |
- ROE reached 14.0%
- Dividends forecasted to increase.
¥12.0 per share for the year ended Mar. 31, 2006
¥16.0 per share for the year ended Mar. 31, 2007
(including 90th anniversary commemorative dividend of ¥1.00)
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